The Hague (EFE) parent company of the group, on its way to the US stock market.
The merger – which involves the absorption of the current parent company of the group, Ferrovial, by its subsidiary Ferrovial International (FISE) – is now effective, and with it the corporate and commercial name of FISE will become Ferrovial SE. FISE shares appear with the ISIN NL0015001FS8 and the symbol FER in Euronext.
FISE awarded 724.5 million new shares, with a nominal value of 0.01 euros per share. Given that the company has 2.8 million shares in treasury stock, in the end the total number of shares admitted to trading on the Amsterdam Stock Exchange and in the Spanish markets is 727 million.
As part of this operation, the Ferrovial shares are canceled and each shareholder of the group is granted a new title for each old one.
Ferrovial has acknowledged before the Dutch stock market supervisor a possible “adverse” tax impact derived from the transfer of its headquarters to the Netherlands, as well as the negative effects that this could have on its corporate image and its business.
On February 28, coinciding with the publication of its results, Ferrovial announced that it was going to move its headquarters from Spain to the Netherlands and list in Amsterdam as a step prior to doing so on the US stock market, its great ultimate goal.
Despite the commotion that this decision caused, especially in the Spanish government, which tried to pressure the company and its president, Rafael del Pino, to give up this decision, it was finally the shareholders who on April 13 endorsed with a large most of the relocation plans of the group, founded in Spain in 1952.